Kingdom Holding, Prince Alwaleed’s combined stake in SpaceX may top $10.6B

Kingdom Holding Co. (KHC) said its combined stake with Prince Alwaleed bin Talal’s private office in SpaceX stands at 0.63%, with the holding valued at $8.32 billion based on a company valuation of about $1.25 trillion.

KHC told Asharq Business with Bloomberg that the stake’s value could rise to $10.55 billion if SpaceX is valued at $1.75 trillion.

Kingdom Holding shares climbed 19% over the past week, leading gains on the Saudi market.

SpaceX has filed for an initial public offering on the Nasdaq, amid estimates its market value could exceed $2 trillion in what may become the world’s largest listing.